Mar 7, 2013 6:00pm EST
and that's cisco. i'd rather have this company than almost any other tech firm, including texas instruments, cisco is the back bone of. internet and teleco industry. when cisco hits a new high, it means businesses all over the world are redoing their infrastructure. it's a seen that information technology spending at the enterprise is now flowing big and nothing could be more bull, for all of tech, a much deserving admiral indeed. cisco, it's no longer crisco. the cisco kid is once given a friend of mine. lots of people are still skeptical of this market. you ever hear those people? me? this leadership tells me this market can withstand that 5% decline everyone is waiting for and bounce back with a vengeance. you don't need to sell. there will be battles lost and retreats to lick our wounds on the way to triumph in the war against the bears. the bottom line -- it's look grant, ridgeway, perjing, ike and we should follow them into the heat of battle knowing they represent the best of what america has to offer. i'd like to go to elizabeth in florida. >> gary: i'm calling about aeae aeroenviro
Mar 6, 2013 11:00pm PST
this locked up. mark my words. it's coming. >> greg: before we break, venezuelan owned oil refiner cisco flew the flag outside of houston offices at half staff on wednesday. out of respect for hugo chavez. that gives me gas. sorry, andrea. lawmakers confront eric holder over killing americans on u.s. soil. can the administration legally do that? his answer next. on "the five." ♪ ♪ >> andrea: you are looking live at the floor in washington, d.c. where rand paul is holding up the nomination for john brennan to be next director of the c.i.a. he is demanding answers from president obama on the drone program. here is the senator earlier today explaining the filibuster. >> i arrived today to begin to filibuster john brennan's nomination for the c.i.a. i will speak until i can no longer speak. it will speak as long as it takes until the alarm is sounded from coast to coast. the constitution is important. no american should be killed by a drone on american soil without first being charged with a crime, without first being bound to be guilty by a court. >> also earlier, attorney general eric holde
Mar 7, 2013 1:00pm EST
. cisco hitting fresh 52-week high on heavy volume. also big battle in tech continues between apple and google. google past app toll become the biggest stock by 50 of the biggest u.s. fund. even though google is trading at a higher valuation than apple, that stock continues to get a bid. and apple trading morning loss. and the big winner on tech earnings, we are seeing many computers in networking space. look at jds uniphase as well as juniper networks up on the day. now back to you. >> thank you. rick santelli is tracking reaction. ricky, did it move the interest rate sector? >> it did to some extent, but not really. and you'll see in a second. if you look at it 24-hour chart, two-day chart, excuse me, of ten-year note yield, you can see the ten-year yield moves higher. but the move started at adp yesterday and continued a bit. probably more due to stocks holding their gains. if you look at one-month chart you can see we are close to high yield closing a little above 2%. contrast that to the ten-year in their own backyard. closer than high yields than low yields. the chart says it
Mar 7, 2013 9:00am EST
of these names, cisco, emc, hewlett, ibm, intel, microsoft, network appliance and oracle, all based on the he can expectation of increased business spending. >> part of the note also that he was making is that ibm, obviously big waiting in the s & p 500, big waiting just in technology indices across-the-board. xlk, for instance, also, if we do see incremental flows in and see fleece etfs and funds that track the dow specifically, because of these record highs, ibm will see a disproportionate benefit from those inflows, not only is it getting the s & p and nasdaq, xlks of the world but the dow diamond, let's say. that could help ibm. shares today basically flat. >> get to pisani in the middle of a crowd today. >> artisan partners, an asset management firm. haven't seep a lot of these going public recently. look investigate good right now price talk was 27 to 29. it priced at 30. right now, looking somewhere around $35. again this is going to settle down. we haven't got a final price yet. looking somewhere around $35. get you the final price there as soon as it opens here. so here is the big story.